In this article – “Speculating on the ‘new normal’” – we discuss the many ways the economy has evolved since the pandemic began. As vaccines roll out and industries rebound, supply chain issues are showing that it’s harder to restart an economy than to pause one. We also look at the reasons behind and the difference between rising prices and concerns around long-term inflation. Other factors, like the rise of hybrid working arrangements, also contribute to increased uncertainty for businesses and create new factors and risks to monitor and manage in the years ahead.

This article is authored by Stephen Poloz, Special Advisor to Osler. As the former governor of the Bank of Canada, Stephen is subject to certain continuing restrictions that apply to his presentations and discussions. His remarks are his own personal views and do not represent the views of the Bank of Canada, his former office, the Government of Canada or any of its departments.  His article has been based on data and information that was publicly available at Dec. 1, 2021. 

Legal Year in Review is brought to you by Osler, Hoskin & Harcourt LLP. Osler is a leading, national law firm with a singular focus – your business. We advise clients on an array of domestic and cross-border legal issues, drawing on the expertise of over 450 lawyers to provide the answers you need, when you need them.

Our Legal Year in Review, published December 7, 2021, provides general information only and does not constitute legal or other professional advice. Specific advice should be sought in connection with your circumstances.

For more information about Osler, please visit our website at osler.com. For the full Legal Year in Review publication, please visit www.legalyearinreview.ca.